After heading south, PSX gains ground.

Following a weak day, the Pakistan Stock Exchange (PSX) saw some improvement during Tuesday’s trade.

The KSE-100 Index lost 562 points at the start of trading, falling to 115,877. However, it quickly bounced back, rising 400 points to 116,904.

After dropping 2,002 points, the PSX ended Monday’s trading session at 116,439 points. Selling pressure caused it to plummet.

Important industries that saw negative trading included fertilizer, auto assemblers, refineries, oil and gas exploration firms, and OMCs.

The PSX scaled the all-time high of 119,000 during the past week, continuing its positive trajectory. The KSE-100 Index dropped 327 points on Friday, closing at 118,442.

This prolonged increase was fueled by hope for a possible staff-level deal for the International Monetary Fund’s (IMF) $1 billion second EFF tranche release.